GMR Group

GMR Group is an Indian business group that is in to Energy and Infrastructure sectors. It is based in Bangalore, India. The group has emerged as a big player in the airport development space and is presently developing the Delhi and Hyderabad airports. GMR also owns Indian Premier League's (A Twenty20 Cricket league in India) Delhi franchise, Delhi Daredevils. Grandhi Mallikarjun Rao is the Chairman and Managing director of GMR group. With an estimated personal worth of $6.2 billion dollars, G M Rao stands at #198 in Forbes' 2008 World Billionaire list.

Key Companies

[http://www.gmrgroup.co.in/ GMR Group] is one of the fastest growing infrastructe companies in India and has interests in Airports, Highways, Energy and Urban Infrastructure. It other area of interest is Agri-Business.

GMR Holdings Private Limited is the holding company for The GMR Group of Companies.

The two main subsidiary companies are

GMR Infrastructure Limited
GMR Industries Limited

GMR Infrastructure Limited has over 23 subsidiaries in the following sectors

Energy

Badrinath Hydro Power
Vemagiri Power Generation
GMR Bajoli Power Project
GMR Chattisgarh Power Project
Upper Karnali Power Project
GMR Orissa Power PlantKakinada Barge Mounted Power Plant (Being relocated from Tanirbavi)

Highways

Tambaram-Tindivanam
Tuni-Ankapalli
Ambala-Chandigarh
Adloor-Gundla Ponchanpalli
Tindivanam-Ulunderpet
Thondapalli-Jadcherla

Airports

Hyderabad Airport
Delhi Airport.Sabiha Gokcen International Airport, Istanbul, Turkey.

Urban Infrastructure

SEZ in Krishnagiri District, Tamil Nadu

Apart from this GMR group has interests in several other areas. It's most recent entry was into the field of Sports - specifically into [http://guydz.com/indianpremierleague Indian Premier League For Cricket] . It bought the IPL Delhi team franchise. The team was named [http://www.delhidaredevils.com/ Delhi Daredevils] and will be participating in the 59 match 44-day 8-team [http://www.indianpremierleague.com/ Indian Premier League] cricket tournament starting April 18.

Also, the company announced the purchase of 50% stake in Intergen N.V. on June 25th 2008 in a transaction valued at US$1.1 billion. This was the largest ever acquisition of a global energy utility by an indian company.

References

*http://www.infrabeat.com/2008/06/26/gmr-infrastructure-acquires-50-stake-in-intergen-nv/
*http://www.pr-inside.com/we-make-india-an-aerotropolis-r418167.htm
*http://www.forbes.com/lists/2006/77/biz_06india_Grandhi-Rao_C8QG.html
*http://www.iht.com/articles/2006/11/23/bloomberg/sxmuk.php
*http://www.rediff.com/money/2005/apr/23spec.htm
*http://members.forbes.com/global/2006/1127/034.html